AutoNation’s Mike Jackson on Auto Bailout

For those not keeping score, AutoNation’s (AN) stock has almost doubles the past month. Jackson makes a good point that banks were bailed out and are now sitting on that money causing the auto crisis. It is a hard argument to dispute as there are buyers, they just cannot get loans for the cars..

Yesterday on FOX

Today on Bloomberg:

Disclosure (“none” means no position):Long AN
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